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By all accounts, this year's budget is all about "keeping the powder dry" for the "big event" in 2015. Next year's budget will be highly politicized, meant to set the stage for the general election in October. That 2015 budget will offer targeted, carefully designed tax cuts designed to secure electoral victory. Budget 2014 is merely laying the groundwork. But what will this budget direction cost?
OTTAWA - Finance Minister Jim Flaherty is once again asking opposition parties for their best ideas on the upcoming federal budget, but only if they cost the government little or no money, or don't in...
When Canada's annual budget deficit came in bigger than expected at $26.2 billion recently, the news didn't spark a sell-off in the markets or an emergency debate in parliament. But that doesn't mean Canadians should be complacent about balancing the budget. As taxpayers, we need to keep our politicians focused controlling costs, keeping taxes affordable, and balancing budgets -- the straight and narrow path that leads us far away from the fiscal cliff.
OTTAWA - Slowing demand for the commodities Canada sells to the world is impacting the economy and reducing federal tax revenues, Finance Minister Jim Flaherty said Monday.But the minister predicts he...
With Greece and other peripheral euro zone countries on the verge of debt implosion, Japan's deficit soaring above Mount Fuji, and the U.S. at a stage where a one trillion dollar deficit would be seen as a successful budget, Canada's deficits appear minor.